Motor
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
GWP growth at Allianz UK
Allianz Group has reported a 4.5% increase in its UK gross written premiums to €533m (£464.5m) in the first six months of 2011, up from €528m in the same period of 2010.
Ageas to be grilled by IIB over Toba changes
The Institute of Insurance Brokers (IIB) is to hold discussions with Ageas in response to member complaints over recent amendments the insurer has made to its terms of business agreements (Tobas).
Brokers will see more of new RSA chief
Adrian Brown has predicted that brokers will see more of Andy Haste’s successor than they see of the current chief executive.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Review: Telematics and fleet in one
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Product roundup: It’s a Standard Life for the man from the Pru
The finish line is now visible for the much discussed integration of Standard Life Health into Pruhealth, following its acquisition last year. The insurer has taken the move as an opportunity to adopt what it calls a leadership stance on differential…
Demand for niche car insurance add-ons is growing, says survey
One in five (21%) of Britons looking to buy a car in the next 12 months will also purchase GAP insurance cover, according to Mapfre Assistance.
MCE Enterprise unveils managing director
MCE Enterprise, a subsidiary of motorcycle broker MCE, has appointed Nick Elliman as managing director.
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
MSL launches new vehicle service for brokers
MSL Group has extended its offering to the broker market with the introduction of a new vehicle supply and management service.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
Autonet creates senior compliance role to support growth
Autonet Insurance Group has appointed Jenny Devaney to its board in the new role of compliance director.
UK motor grows 10% as Gibraltar overtakes Lloyd's
Ernst & Young has reported that the UK motor market grew by 10% in terms of gross written premium in 2010 to £13.4bn with growth in Gibraltar based insurers making it bigger than Lloyd’s.
Victor Millwell rolls out self-service motor caravan portal to brokers
Victor Millwell has announced that its online portal MotorCaravan Plus has been opened up to the full broker market.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
Bennetts rebrands to become major player in the South
Insurance Broker Bennetts Commercial has unveiled its rebrand.
Banks to offload 10% of Brightside holding
Arron Banks, chief executive officer of Bristol-based Brightside Group, is to sell 10% of his share holding and grant security to an unconnected third party of nearly eight million ordinary shares in the company, it has been announced.
HSBC Insurance (UK) sold for £68.5m
HSBC Insurance Services Holdings has agreed to sell HSBC Insurance (UK) to Syndicate Holding for £68.5m in cash.